Dhaka, Bangladesh (BBN) – The Bangladesh Business News prepared Monday’s midday business round up compiling reports, published by different local and international newspapers and news portals.
Bangladesh’s stocks stay positive at midday Monday
Bangladesh’s stocks stayed in the positive trend at midday on Monday as investors remained active on sector specific stocks.
FMCG, consumer durables drag Sensex down 293 points; Nifty falls to 11,496
The S&P BSE index was down 293.19 points or 0.76 per cent at 38,096.63 and the Nifty50 down 93.45 points or 0.81 per cent at 11,495.65.
Indian rupee slumps to fresh record low of 72.45 on strong dollar demand
The Indian rupee slumped 72 paisa to a fresh record low of 72.45 due to strong demand for the US currency from importers and strengthening of dollar against other currencies overseas on upbeat jobs data.
Asia markets mixed in the afternoon as US-China trade jitters linger
Asian markets were mixed on Monday afternoon as trade tensions between the U.S. and China remain in focus.
Gold holds losses on rate hike views, trade worries
Gold held on to a small loss from the previous session on Monday, as the dollar firmed amid expectations of a U.S. Federal Reserve interest rate hike in September and fears of escalating trade tensions between the United States and China.
Oil climbs as US drilling stalls, Washington sanctions against Iran loom
Oil prices rose on Monday as U.S. drilling for new production stalled and as the market eyed tighter conditions once Washington’s sanctions against Iran’s crude exports kick in from November.